Search For "debt distress"
Kirti Vardhan Singh calls for fair global practices, legitimate aspiration
Updated : 7 months, 2 weeks ago IST
Addressing the 19th NAM Mid-Term Ministerial Meeting in Kampala, Singh said the world today faces unprecedented challenges, from climate change and debt distress to terrorism and technology divides, all of which demand united action and reformed multilateralism.
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Kenya spends USD 1 billion in a year to repay Chinese loans, burdening tax
Updated : 1 year, 10 months ago IST
Amid unrest in Kenya due to debt distress, it is reported that the country has spent 152.69 billion KES (approximately 1 billion USD) to repay debt to China in the just-ended financial year, highlighting the burden on taxpayers in servicing loans taken to build a modern railway and other inf
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Maldives at "high risk" of external, overall debt distress, says IMF
Updated : 2 years, 3 months ago IST
Amid rising fiscal deficits and public debt,Maldives remains at "high risk" of external and overall debt distress, the International Monetary Fund (IMF) said in its report
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Maldives at "high risk" of external, overall debt distress, says IMF
Updated : 2 years, 3 months ago IST
Amid rising fiscal deficits and public debt, Maldives remains at a "high risk" of external and overall debt distress, the International Monetary Fund (IMF) said in its report.
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Need to address growing debt distress across the globe: FM Sitharaman in U
Updated : 3 years, 1 month ago IST
Union Finance Minister Nirmala Sitharaman on Wednesday underlined that in order to address the mounting debt crisis around the world, it is necessary to supplement current global initiatives, especially those of the G20.
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African countries face heat as China slows down lending
Updated : 3 years, 6 months ago IST
Economic growth in Sub-Saharan Africa is set to decelerate from 4.1 per cent in 2021 to 3.3 per cent in 2022, as a result of a slowdown in global growth, rising inflation exacerbated by the war in Ukraine, adverse weather conditions, a tightening in global financial conditions, and the risin
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Africa in desperate need for alternatives to tackle China's debts
Updated : 3 years, 6 months ago IST
As the global economy is moving towards recession, African countries, where China has leveraged lopsided loans for geopolitical gain, are in debt distress and need alternatives fast.
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Zambia moves away from Chinese investments; receives IMF loan
Updated : 3 years, 8 months ago IST
Lusaka [Zambia], September 18 (ANI): Zambia which is known as a country under "debt distress" from China has finally received a USD 1.3 billion financial loan from the International Monetary Fund, media reports said.
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Sri Lanka must avoid China's debt restructuring as Beijing is to seek pref
Updated : 3 years, 9 months ago IST
Colombo [Sri Lanka], August 16 (ANI): China will seek preferential treatment on debt restructuring in Sri Lanka which will mostly cater to Beijing's own self-interests and amid this Colombo must avoid these kinds of debt distress efforts at all costs, media reports said.
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Bangladesh Finance Minister warns developing nations of Chinese loans stra
Updated : 3 years, 9 months ago IST
Dhaka [Bangladesh], August 10 (ANI): Warning developing countries of taking Chinese loans through its Belt and Road Initiative (BRI), Bangladesh's finance minister Mustafa Kamal said that the nations must think twice about these loans as Beijing's poor lending decisions risk pushing these na
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Xi Jinping announces USD 60 bn aid to Africa
Updated : 7 years, 9 months ago IST
Beijing [China], Sept 4 (ANI): Amid growing concerns about rising debt distress in Africa, Chinese President Xi Jinping has announced a financial package of USD 60 billion aid, comprising investment and loans to the continent.
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Pakistan at risk of debt distress due to CPEC: U.S. senators
Updated : 7 years, 9 months ago IST
Washington D.C.[USA] September 04 (ANI): As newly elected government in Pakistan headed by Prime Minister Imran Khan is willing to pursue an International Monetary Fund (IMF) bailout, a group of United States Senators have asserted that Islamabad is at risk of debt distress due to rising cur
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